BTCUSDT Short: Supply Holds — $62,700 Becomes the Key TargetBitcoin / TetherUSBINANCE:BTCUSDTheniitradingHello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. BTCUSDT previously traded inside a descending channel before breaking above the 64,500 Supply Zone. After forming a range, price was rejected near the upper boundary and returned below resistance, signaling renewed selling pressure. Currently, BTCUSDT is trading below the 64,500 Supply Zone while holding above the 62,700 Demand Zone. The latest rejection and descending channel suggest that sellers may remain in control. As long as BTCUSDT remains below the 64,500 Supply Zone and respects the descending channel, the bearish scenario remains valid. A continuation lower could push price toward the 62,700 Demand Zone (TP1). However, a breakout above 64,500 would weaken the bearish outlook and increase the risk of a move toward higher levels. Manage your risk!